• Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
  • ANU College ANU College of Business and Economics
  • Classification Advanced
  • Course subject Actuarial Studies
  • Areas of interest Actuarial Studies
  • Academic career PGRD
  • Course convener
    • Dr Jananie William
  • Mode of delivery In Person
  • Co-taught Course
  • Offered in First Semester 2020
    See Future Offerings

The aim of the Actuarial Control Cycle is to provide students with an understanding of underlying actuarial principles that may be applied to a range of problems and issues in commercial and business environments. Students are expected to develop a holistic approach to practical problem solving, and develop a level of judgement and professional skills required to successfully apply actuarial principles. The syllabus relates to actuarial practice both in the financial services and in other industries. Examples will be drawn from traditional and non-traditional areas to illustrate and establish the underlying actuarial principles in a problem based learning approach, using case studies and business-based examples.


This subject, in conjunction with ACST8041, provides the opportunity for exemption from the requirements of the Actuarial Control Cycle subject under the Actuaries Institute‚Äôs Associate program. Such exemption depends on the grades attained over both subjects.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

  1. Discuss and apply an actuarial control cycle in a variety of practical commercial situations
  2. Communicate the main features within the general environment to medium and long-term commercial decisions
  3. Analyse the main features and risks of financial products and contracts, from the point of view of consumers and providers
  4. Demonstrate an understanding of enterprise risk management
  5. Apply a risk assessment framework to identify and assess the risks in a range of situations
  6. Discuss and apply the process of product design

Other Information

See the requisite statement for information on eligibility to take this course.

Indicative Assessment

  1. Typical assessment may include, but is not restricted to: assignments, mid-semester exam and a final examination. (100) [LO 1,2,3,4,5,6]

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

Students are expected to commit 130 hours of work in completing this course. This includes time spent in scheduled classes and self-directed study time

Inherent Requirements

Not applicable

Requisite and Incompatibility

To enrol in this course you must have completed STAT3038 or STAT6045. Incompatible with ACST4031. This course is available to students enrolled in the Bachelor of Actuarial Studies, who have met the following requirements: Have completed at least 120 units of study; Have completed STAT3038; Have met the Actuaries Institute exemption standard for CM1, CS1 and CS2 or equivalent; Have a GPA of at least 6. Students enrolled in the Bachelor of Actuarial Studies who have met these requirements and wish to enrol in this course should contact the program convener of the Bachelor of Actuarial Studies to request a permission code for enrollment.

Prescribed Texts

Information about the prescribed textbook will be available via the Class Summary

Specialisations

Fees

Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
3
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
2356 24 Feb 2020 02 Mar 2020 31 Mar 2020 29 May 2020 In Person N/A

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